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Home Forex News

Germany: “entire industries are in danger of permanently collapsing” (re Russian gas cuts)

by Trading How
July 3, 2022
in Forex News
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Head of the German Federation of Commerce Unions (DGB), in an interview with the newspaper Bild am Sonntag:

  • “Due to the fuel bottlenecks, complete industries are in peril of completely collapsing: aluminum, glass, the chemical trade,”

After which this, which is stating the apparent:

  • “Such a collapse would have huge penalties for all the economic system and jobs in Germany.”

Talks on the problem will start Monday with Germany’s Chancellor Olaf Scholz.

More here:

  • Russia has decreased shipments via Nord Stream pipeline by 60% and the pipeline is scheduled for a full shutdown this month for upkeep. Germany has raised doubts that Nord Stream will resume provide after that.

Nord Stream 2

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